The Central Bank of Venezuela (BCV) has released the results of the price performance in October, which advanced 1.7%, that is, 1.8% lower than prices the same month in 2011, but above 1.6% recorded in September 2012.

The BCV report states that accumulated inflation stands at 13.4%, the lowest level ever since the indicator started to be tracked, taking into account the whole country.

Likewise, based on the report, prices advanced 17.9% on an annualized basis. In this way, inflation for this year is expected to end behind the goal set in the domestic budget between 20% and 22%.

By October of last year, annualized inflation hit 26.9%, whereas accumulated inflation stood at 22.7%.

A breakdown of sectors found that education services sped up the most at 3.5%. Food and non-alcoholic beverages, with the highest profile in the index, gained 2.6% in October.

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Hundreds of thousands of demonstrators took to the streets of Brazil on March 13 to demand the ouster of embattled President Dilma Rousseff, carrying banners expressing anger at bribery scandals and economic woes. A banner read "We don't want a new Venezuela in Brazil."